How do I become a sub broker?

Follow these steps if you wish to become a sub-broker:

1. Apply for certification from the National Institute of Securities Markets (NISM).
2. Register online with the Securities and Exchange Board of India (SEBI).
3. Register with your local stock exchange.

How do I become an Upstox affiliate?

One just need to have an account in Upstox, Proper Net connections and contact, that’s all you need.

1. Per referral one will get Rs. 300 (after opening the account)
2. The person will also get 10\% brokerage on the referred person’s trading.

How much can a sub broker earn?

Sub Broker salary in India ranges between ₹ 0.8 Lakhs to ₹ 7.2 Lakhs with an average annual salary of ₹ 3.6 Lakhs. Salary estimates are based on 160 salaries received from Sub Brokers.

How do sub brokers make money?

A sub-broker earns his/her compensation through the commission for every executed transaction. Since they act as middlemen between the stockbroker firms licensed to trade in the stock exchange (NSE, BSE for instance) and the clients, a sub-broker earns more if he has a large and high-turnover based client base.

How do sub-brokers make money?

What is the job of sub broker?

Meaning, the job of a sub broker is to mediate between the broker and client. Since in most cases a sub broker works for a stock broker, their job includes bringing clients to the brokerage firm. Additionally, the sub broker assists clients with investing and dealing with securities.

How do sub brokers work?

A sub broker carries out the same function a broker carries out, being the middleman between two parties. Since in most cases a sub broker works for a stock broker, their job includes bringing clients to the brokerage firm. Additionally, the sub broker assists clients with investing and dealing with securities.